Procurement Specialist 04F25

The Procurement Specialist plays a crucial role in an organization, ensuring the smooth acquisition of goods and services required for the company's operations. This position is integral in maintaining cost-effective purchasing strategies while fostering relationships with suppliers to ensure high-quality product availability. A successful Procurement Specialist is adept at negotiating contracts, understands market trends, and coordinates seamlessly between vendors and internal departments. They are responsible for ensuring that purchases align with organizational policies and that inventory levels are maintained to support operational needs. A keen attention to detail, along with excellent communication and analytical skills, are necessary to excel in this position. The Procurement Specialist is also involved in evaluating supplier performance, managing procurement databases, and implementing process improvements to optimize purchasing activities.

Responsibilities

• Develop and implement procurement strategies that align with company objectives.
• Negotiate contracts and agreements with suppliers to ensure beneficial terms.
• Maintain strong relationships with key vendors to ensure quality service levels.
• Analyze market trends to identify potential opportunities and cost savings.
• Coordinate and manage communication between suppliers and internal teams.
• Ensure compliance with procurement policies, procedures, and regulations.
• Monitor inventory levels to ensure timely replenishment of stocks.
• Evaluate supplier performance and drive continuous improvement initiatives.
• Manage procurement databases to ensure accurate and up-to-date information.
• Prepare and present procurement reports to senior management as required.
• Facilitate supplier audits and assessments to maintain quality standards.
• Identify and mitigate risks associated with procurement activities and processes.

Requirements

• Bachelor’s degree in Business, Supply Chain Management, or related field required.
• A minimum of 3 years of experience in a procurement-related role.
• Excellent negotiation skills with proven success in supplier agreements.
• Strong analytical skills to assess market trends and procurement data.
• Proficient in procurement software and tools for efficient operations.
• Exceptional communication skills for effective vendor and team interactions.
• Ability to manage multiple projects and deadlines in a fast-paced environment.